Lagoa (Algarve), Faro (Algarve) 8400-483, Portugal

MLS#: C0240-03034

$924,312 USD

€850,000 EUR

Total rooms
2
The details

Property features

Date Updated: Oct 26, 2024

Area

Bathrooms
2
Total rooms
2

Description

Immerse yourself in the history and authentic flavors of the Algarve with this unique opportunity to acquire the renowned Porches Velho Restaurant. Located in a historic wine cellar dating back over 200 years, this establishment captivates with its rustic charm and welcoming atmosphere.Boasting a prime location in the heart of the picturesque village of Porches, just minutes from the Algarve's most beautiful beaches, this historic building boasts unique architecture, high ceilings, original wooden beams, and windows that flood the space with natural light. With a capacity for up to 90 people indoors, 25 on the patio, and 65 on the first-floor terrace, it is perfect for events and large groups.Renowned for its authentic Portuguese cuisine prepared with fresh, high-quality ingredients, it has a solid customer base, including guests from prestigious resorts in the region such as Vila Vita Parc and Vila Lara.An opportunity for investors seeking a well-established business in one of Portugal's most sought-after tourist destinations.The restaurant spans 252m², with a gross private area of 196m², and an adjoining property of 48m², also with a gross private area, currently used as a wine cellar.Acquire more than just a restaurant, acquire a piece of Algarve history. With a prime location, a historic building, and a loyal customer base, the Porches Velho Restaurant is the perfect opportunity for those seeking a profitable business with great growth potential.The sale includes both properties and all furnishings, allowing you to start operating immediately.Book your visit now.

Location

Lagoa (Algarve), Faro (Algarve) 8400-483, Portugal
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Courtesy of CENTURY 21 Realty Art II